Question

Have developing countries, on balance, benefited more from globalization than they have been hurt by it? How and why? How can developing countries position themselves to take full advantage of a flat world? Can developing countries opt out of globalization, or is it a force that cannot be avoided? Should countries opt out if they can?

Answer 1

• Globalization has benefited developing countries on the fronts of technology, has given them bigger opportunities to access markets of the developed countries, growth, improved productivity and living standards.
• Although, it's brought environmental deteriorations, instability in business and money market.
• In order to position themselves to require full advantage of a flat world developing countries have to be compelled to assess their strengths and weaknesses thus as position themselves to facilitate competition and collaboration.
• They need to concentrate on infrastructure, education, government furthermore as on atmosphere.
• Developing countries cannot opt of economic process since it'll build them extraneous by preventive their economic progress. Countries shouldn't opt of it since it presents tremendous opportunities in each sphere of economy.